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Question 19 2 pts Suppose the cost of a college education today is $60,000. Your child will be attending college in 18 years. For simplicity, assume you are saving for a one-time college tuition payment. If the inflation rate is 3% per year over this time period and your investing rate is 5%, then approximately how much do you need to deposit into the bank today? $10,980 $42,444 $35,244 O $24,931